Interim condensed consolidated balance sheet

As of
in CHF 1,000	Note	30 June 2025	31 Dec 2024

Assets
Cash and cash equivalents		655,064	271,315
Trade receivables		2,846,273	2,616,047
Income tax receivables		22,868	25,042
Other receivables		135,771	102,509
Derivative financial instruments	4	14,681	19,541
Prepayments and contract assets		155,236	122,116
Financial assets	4	71,522	62,376

Current assets		3,901,415	3,218,946
Tangible assets		30,066	32,170
Intangible assets		650,740	662,360
Right-of-use assets		36,675	34,335
Other receivables		319,581	329,702
Derivative financial instruments	4	286	692
Deferred tax assets		20,801	27,244
Defined benefit assets		1,612	1,336

Non-current assets		1,059,761	1,087,839

TOTAL ASSETS		4,961,176	4,306,785

As of
in CHF 1,000	Note	30 June 2025	31 Dec 2024

Liabilities and shareholders’ equity
Trade payables		2,875,021	2,568,453
Other payables		295,520	237,228
Accrued expenses and contract liabilities		183,291	187,744
Derivative financial instruments	4	22,647	2,301
Income tax liabilities		13,059	20,755
Provisions		17,950	29,252
Financial liabilities		703,547	338,192

Current liabilities		4,111,035	3,383,925
Derivative financial instruments	4	2,492	1,259
Provisions		4,736	9,084
Financial liabilities		30,304	29,284
Other payables		277,365	271,901
Deferred tax liabilities		18,671	21,316
Defined benefit liabilities		8,142	7,494

Non-current liabilities		341,710	340,338

TOTAL LIABILITIES		4,452,745	3,724,263
Share capital		1,586	1,586
Share premium		60,192	69,188
Treasury shares		–70,537	–72,987
Retained earnings		694,701	715,754
Hedging reserve		–12,315	–608
Currency translation adjustments		–165,196	–130,411

TOTAL EQUITY		508,431	582,522

TOTAL LIABILITIES AND EQUITY		4,961,176	4,306,785